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متابعة

Which of the following is a common financial-information management problem:

A. Multiple financial data sources and systems within an organization B. Over reliance on a master source and system for financial data C. Strict organizational data governance policies and processes D. Insufficient financial information due to compliance regulations

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تم إضافة السؤال من قبل Ahmed Magdy Nafea , Finance Manager , Al-Dail for trading, manufacturing and contracting
تاريخ النشر: 2014/08/13
Nipon Sarker
من قبل Nipon Sarker , Credit Officer , The Premier Bank Limited

A. Multiple financial data sources and systems within an organization

Sara Naeem
من قبل Sara Naeem , Trainee Finance officer , Wah Brass Mill

B.over reliance on a master source and system for financial data

Majd Mahdi
من قبل Majd Mahdi , Teller , American university of Beirut Medical Hospital

Financial Management is a common financial-information managment problem which also include failure to strategize 

Kunle Adelaja
من قبل Kunle Adelaja , Vice President , Constant Capital Markets & Securities Limited

A. Multiple financial data sources and systems within an organization

Multiple financial data sources and systems cause integration and consistency challenges, hindering access to accurate financial information. Centralizing data is crucial for accuracy, decision-making, and reporting efficiency.

Ahmed Magdy Nafea
من قبل Ahmed Magdy Nafea , Finance Manager , Al-Dail for trading, manufacturing and contracting

A

Multiple financial data sources and systems within an organization. One of the most common problems

faced by financial-information management is multiple financial data sources and systems within an

organization. Because of the different, sometimes incompatible data sources and systems, it is often

difficult for managers to get a single view of their companies' financials. Therefore, organizational

overreliance on a master source and system for financial data is not typically a financial-information

management problem. Few companies have a single master source of data nor a single system for

recording and reporting the data. Rather than strict organizational data governance policies and

processes, most companies suffer from inadequate data governance. Due to increased compliance

regulations, most companies have much more financial information than ever before.

imran Noor -
من قبل imran Noor - , Audit Officer , Auditor General of Pakistan

The correct answer is A

The user should reply on master source otherwise data redundancy and incompatibility will arise.

Strict data governance policies will ensure data compatibility.

DIN BANDHU SINGH
من قبل DIN BANDHU SINGH , Chief Accountant , ELITE TRADING ALLIANCE CO (El Seif Group of Companies)

A. Multiple financial data sources and systems within an organization &

C. Strict organizational data governance policies and processes

 

Mohamed Riham
من قبل Mohamed Riham , Audit senior , Ernst & Young

 Strict organizational data governance policies and processes

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